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Re: Oiljob post# 19001

Monday, 09/12/2011 11:02:41 AM

Monday, September 12, 2011 11:02:41 AM

Post# of 116863
So, oiljob, since you have been in the oil patch, how far out from shore can TECO drill a horizontal well? And by the way, from what I see on the maps, there appear to be several small islands that TECO could set up a rig, have sufficient land around them to construct a barrier burm, and with safety precautions, drill into those oil sturctures. Possible? or not? And still, it could be at least three or four years before they may want to take that challenge. I understand what you are saying, but it seems to me like you are indicating TECO has the challenge of climbing Mt. Everest, and in reality they are just starting out on a 2000' Texas hill. I applaud your foresight, as all business plans should go out as many as three years, but I'm not sure we're really ready for the offshore situation yet. Just seems a little premature in my opinion. After all, if they are as successful as BNE onshore, and can generate 5000bbls per day in production in a couple of years, how much do you think the stock will be worth at that time?

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